Building an income statement - for the year, ABC company had gross sales of $1.06M. The firm's cost of goods sold and selling expenses were $525,000 and $215,000, respectively. ABC also had notes payable of $800,000. These notes carried an interest rate of 7 percent. Depreciation was $130,000.

A. What was ABC company's net income?

B. What was ABC company's cash flow?